NFT stands for Non-Fungible Token. It is a digital asset that can be identified through its unique qualities held within its metadata. Due to the way they are designed and minted, NFTs are unique and cannot be replaced, altered, or changed in any way. Once they have been created, they will be permanently etched on the blockchain’s public ledger for all to see. The NFT concept includes major US-listed companies that engage in the NFT industry.
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TENCENT to Take Down NFT Platform Huanhe on 30 Jun
After being removed, customers who own NFTs will no longer be able to search, download, display and share NFTs they have bought within the platform. They will also be unable to arrange for refund after that date. The platform urges them to apply for refund before 30 June.
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Ant Group’s Digital Collection Platform Launches Custom Physical Object Function
Recently, Ant Group’s digital collection platform Jingtan officially launched an “entity customization” function, allowing users to customize some digital collections into derivative objects. More than 20 items have been supported so far, and the platform says mo...
Fear and greed, is what controls the markets
- Warren Buffett
100%, NFT’s represents more than just digital images, they represent culture, expression of beauty, skill, emotion, imagination and community.
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Tencent to Shut Down Digital Collection Trading Platform Huanhe
At the launch of Huanhe, it claimed to be an “NFT” trading platform. However, a name change took place in October 2021. Back then, some media outlets found that the word “NFT” had disappeared from Huanhe’s app, and all such mentions were changed to “digital collection”, a term now commonly used in China following a crackdown on NFT trading.
Hu...
Tencent News Shuts Down Digital Collection Business
Tencent News did not allow secondary trad of its digital collections, and its webpage only shows digital collections. It also replaced its “Digital Collection” tag within it...
Tencent integrates NFT PFP into its applications to please users
In recent years, the concept of NFT has greatly attracted investors all over the world, and Tencent's new announcement will only arouse more interest in these tokens.
Tencent's NFT PFP avatar is designed to represent two-dimensional cartoon characters. The application development team said that these avatars will...
The new Wechat regulations show a tough stance on NFT
This addition points out that all accounts handling encrypted transaction discussions, transactions between bitcoin and real currency, or providing pricing services for digital currency should stop it. Account holders who participate in conversations on these topics will be reminded that Tencent may restrict some functions of their account. On...
Non-fungible tokens (NFTs) - strings of code stored on the blockchain digital ledger that represent unique ownership of artworks, videos or even tweets - exploded in 2021.
In March, a digital artwork by U.S. artist Beeple sold for nearly $70 million at Christie's, among the three most expensive pieces by a living artist sold at auction.
Th...
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